Run down three-bed house up for sale for £19,000

A run down property believed to be the cheapest property currently for sale in Britain is on the market for under £20,000.

But there is a catch – the house in Walsall, West Midlands, needs a complete refit with its kitchen and bathroom currently unusable. 

Homebuyers could snap up the property for less than £19,000 where it goes under the hammer at an auction on Birmingham this month.   

Take a look around what is believed to be the cheapest house in the UK –  this three-bed terrace in Walsall is on the market for £19,000

But there is a catch - the West Midlands home needs a total refit with many of its rooms unlivable

But there is a catch – the West Midlands home needs a total refit with many of its rooms unlivable

Pictured: The terraced house in Leamore Lane, Walsall, boasts two reception rooms, a kitchen and back garden 

Pictured: The terraced house in Leamore Lane, Walsall, boasts two reception rooms, a kitchen and back garden 

The property, in Leamore Lane, Walsall, boasts two reception rooms, a kitchen and backyard – but is in need of complete refurbishment throughout.

An SDL Auctions spokesman said: ‘It is thought to be the lowest priced house in the Midlands with a guide price of £19,000 to £24,000.’

Neighbouring properties have previously sold for around £80,000 and the house is expected to draw competitive bidding when it is auctioned on October 18 at Villa Park.

The lowest priced flat in the West Midlands – a purpose-built studio in Handsworth – is also up at a guide price of £15,000-£19,000.

Gurpreet Bassi, head of residential auctions at SDL Auctions, said: ‘We believe the Birmingham property is the lowest priced flat currently on sale in the West Midlands.

‘This lot would make an excellent opportunity either as an investment purchase or as a first home and we expect strong interest in our auction.’

Neighbouring properties have previously sold for around £80,000 and the house is expected to draw competitive bidding when it is auctioned on October 18 at Villa Park

Neighbouring properties have previously sold for around £80,000 and the house is expected to draw competitive bidding when it is auctioned on October 18 at Villa Park

An SDL Auctions spokesman said: 'It is thought to be the lowest priced house in the Midlands with a guide price of £19,000 to £24,000' (pictured above, the property's large back garden)

An SDL Auctions spokesman said: ‘It is thought to be the lowest priced house in the Midlands with a guide price of £19,000 to £24,000’ (pictured above, the property’s large back garden)

At the other end of the market is a five-bedroomed former farmhouse standing in more than four acres of grounds near Coventry, with a guide price of £595,000 to £645,000.

The property, in Corley, has been converted into three self-contained units – but could easily be converted back to a single home.

Mr Bassi added: ‘These are great examples from a total of 130 lots at what= we predict will be a busy auction.

‘We have a wide range of properties available: all types of flats and houses, a number of plots of land for development and a good choice of commercial properties across the West Midlands and beyond.’

Other Birmingham properties in the auction catalogue included a three-bedroomed terrace in Erdington with a guide price of £90,000 and a four-bedroom semi-detached house in Moseley on at a guide price of £250,000.

The SDL Auctions Bigwood takes place at Aston Villa FC on Wednesday, October 18, with a catalogue of 130 lots. 

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